623
CurrentSecurity for borrowings
Chapter 15How are councils financed?
Part 12Loans
623 Security for borrowings
(1)
A council may give security for any borrowing in such manner as may be prescribed by the regulations.
(2)
All such securities rank on an equal footing, despite any other Act.
Regulations
This provision refers to the regulations (prescribed by the regulations
). Made under this Act:
- Local Government (Armidale and Inverell—Alteration of Boundaries) Proclamation 2019 · Regulation
- Local Government (Bayside) Proclamation 2016 · Regulation
- Local Government (City of Parramatta and Cumberland) Proclamation 2016 · Regulation
5 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory memorandumSecond reading speech
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